6. Alabama
- A comfortable retirement costs: $55,425.11 a year
Retirees in Alabama enjoy the nation’s second-lowest housing and healthcare costs, making the state one of the most affordable for retirement. The state’s $3,701 cost for groceries hurts its ranking a bit, although that still is well below the national average.
Over the course of 20 years, you would need $1,108,502.25 in savings to cover the cost of retiring in Alabama.
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